After a long waiting period, the 2 billion-euro package of measures has now been implemented in both pillars. The measures have been designed to provide financial support for innovative start-ups and young technology and growth companies so as to bridge the gap left by Corona aid, where start-ups and SMEs were not duly covered. Applications for VC funds in pillar I can be submitted since May 2020, the implementation of pillar II throughout Germany has already commenced. Applications from start-ups are expected to be accepted as of the beginning of July 2020.
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